Question: Exercise 9-6A (Algo) Working capital and current ratio LO 9-2 On June 30, Year 3. Munoz Company's total current assets were $495,000 and its

Exercise 9-6A (Algo) Working capital and current ratio LO 9-2 On June

Exercise 9-6A (Algo) Working capital and current ratio LO 9-2 On June 30, Year 3. Munoz Company's total current assets were $495,000 and its total current liabilities were $280.000. On July 1, Year 3, Munoz issued a short-term note to a bank for $39,400 cash. Required a. Compute Muoz's working capital before and after Issuing the note. b. Compute Munoz's current ratio before and after issuing the note. (Round your answers to 2 decimal places.) Before the transaction After the transaction a Working capital b. Current ratio

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